Walmart Plans 20 New Stores and 650 Remodels in $5.5 Billion Investment Push

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4.19.2026

Quick Facts

Walmart will open 20 stores over two years and remodel 650 locations in 2026
The company spent $5.5 billion on remodels in the latest fiscal year
75% of market share gains come from households earning over $100,000

Walmart announced plans to open around 20 stores over the next two years while remodeling 650 supercenters and Neighborhood Market locations in 2026. The investment builds on the retailer’s 2024 commitment to open or convert over 150 new locations.

The company spent just over $5.5 billion on remodels during the year ending January 31, according to its latest annual report. Walmart reported fiscal year 2026 revenue of $713 billion and operates more than 10,900 stores across 19 countries.

“Our goal is simple: we want shopping to feel easy, intuitive, and connected while continuing to deliver the everyday low prices our customers expect,” Walmart said in a statement.

The retailer has already opened several new stores this year, including supercenters in Eastvale, California, and Apollo Beach, Jacksonville and The Villages, Florida. A Neighborhood Market opened in Ocala, Florida. The company opened nine new stores across six states in 2025.

Refreshed stores will feature wider aisles, new digital touchpoints, expanded pickup and delivery services, updated pharmacies and vision centers, and new signage. Remodeled Neighborhood Market stores will receive expanded deli and hot bar selections plus enhanced lighting and upgraded e-commerce fulfillment areas.

The expansion comes as Walmart draws higher-income shoppers in growing numbers. Roughly 75% of the retailer’s market share gains come from households earning more than $100,000. The company’s most recent quarterly results showed global e-commerce sales rising 24% with U.S. comparable sales up 4.6%.

Walmart is implementing digital shelf labels across 2,300 stores by 2026 to enhance pricing changes. The retailer also began testing a rapid remodel program that reduces store update timelines from several months to one month.

“We continue to deliver on the commitment we made two years ago because we know our stores matter — to customers, to communities, and to the future of retail,” the company said.

The new stores and remodels will create construction jobs during development plus long-term retail, pharmacy and store leadership roles. The investment represents Walmart’s strategy to compete with Amazon through omnichannel improvements while maintaining its low-price value proposition.